A 1031 (like-kind) Exchange Is A Powerful Tax Deferral Strategiy.
 You should never have to pay income taxes on the sale of your qualifying investment property if you intend to reinvest the proceeds in other investment real estate. A like-kind (1031) Exchange gives you the ability to sell income, investment or business property and replace with like-kind replacement property without having to pay capital gain taxes on the transaction.
However, the IRS has established strict guidelines which must be followed to qualify for tax deferral. If you are not familiar with the IRS issued "safe-harbor" regulations, you may run into problems and have your transaction treated as a taxable event.
We can help.
We can advise you on whether your transaction qualifies for a 1031 Exchange and the best way to structure the transaction. In those instances, we can also help you find a Qualified Intermediary which is a necessary player to qualify your transaction for tax deferral.
If advice is not needed and you are familiar with the exchange process, for individuals and entities with which we have no attorney-client relationship,we can serve as the qualified intermediary.
Our fees are very competitive, particularly when title insurance for the transaction is being provided through our office.
Call Glenn Grevengoed at (772) 231-5300 and he can discuss the best approach for you.
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